9295 Cedar Creek Court, Swartz Creek, MI 48473 8983
- $2,600,000
- 45
- BA
- 20,190
- SqFt
- List Price
- $2,600,000
- Status
- ACTIVE
- MLS#
- 61024437
- Days on Market
- 18
- Style
- Bungalow
- Year Built
- 2010
- Bathrooms
- 30
- Half baths
- 15
- Acres
- 1.50
- Living Area
- 20,190
- Municipality
- Swartz Creek
- Region
- Swartz Creek
- Township
- Swartz Creek
- Subdivision
- Cedar Creek Town Homes Condo
Property Description
Rare opportunity to acquire a 15-unit, newer-construction multifamily portfolio in Swartz Creek offering strong in-place income, significant rental upside, and multiple exit strategies. Built in 2010, each unit features 3 bedrooms, 2.1 bathrooms, a private full basement, second-floor laundry, primary suite with private bath, and attached 2.5-car garage. Tenants enjoy the space and privacy of a single-family home while ownership benefits from the efficiency of a multifamily investment. Each condo is individually parceled and separately metered, all utilities are paid by the tenants, and there is currently no HOA, allowing for minimal owner involvement. Current rents max out around $1,450 per month, while estimated market rents are approximately $1,750, creating up to $300 per unit in monthly upside, or $54,000 annually across the portfolio. With newer construction and minimal updating needed, investors can focus on increasing revenue rather than major renovations. Operate the portfolio as a traditional multifamily community, increase NOI through rent growth, or take advantage of the individually parceled units for future resale or equity strategies. 15 units. 45 bedrooms. Private basements. 15 attached 2.5-car garages. Individually parceled. Individually metered. Tenant-paid utilities. No HOA. Newer construction. Significant rental upside. A unique opportunity to acquire a low-maintenance asset with strong cash flow potential, built-in appreciation, and multiple paths to create value.
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Additional Information
- Lot Dimensions
- 200 x 326.7
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Yes
- Basement Description
- Poured
- Foundation
- Basement
- Water
- Public
- School District
- Swartz Creek Community Schools
Mortgage Calculator
Listing Courtesy of Tarar Homes, Office Phone: 313-888-0315
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.